The deal reflects the attention paid to the aged care and healthcare sectors by private capital providers
Kain Lawyers has assisted My Care Solution with its sale to Healthcare Australia (HCA) in a deal described by the firm as “a significant milestone for the Australian aged care sector”.
HCA officially took full ownership of My Care Solution on 1 May.
“The aged care and healthcare sectors continue to attract the attention of private capital providers who are keen to put their capital to work in consolidating what has historically been a fragmented provider market”, said Kain Lawyers director Gerry Cawson, who co-led the firm’s team alongside associate director Sam Christie.
My Care Solution received a high ranking in this year’s AFR Best Places to Work survey. HCA, owned by Sydney-based Crescent Capital Partners, employs approximately 15,000 healthcare workers and clinicians across Australia, serving both public and private hospital groups, residential aged-care facilities, and home-based individuals.
